My last ‘normal’ month for a while, so how did I get on in May?
Ooooh, so close at 49.2%!
My average savings rate now stands at 51.3%, so still on target.
This month’s income was boosted by £50 from rent received, £123 gambling winnings (a small punt on Leicester winning the league, a small win from the Eurovision Song Contest sweep at work and a big win from Man U winning the FA Cup!) and £9.14 from TopCashback*.
New capital and steady markets mean that my pot now stands at £68,127.91.
Dividends and Other Income
Dividends received this month (which will be reinvested):
So a total of £55.20, only slightly up on last May’s £53.23. Although I’ve added new capital, the income is lower than anticipated due to no dividend from Standard Chartered and a dividend cut from Ladbrokes. Also, I no longer have shares in Amlin as they got bought out and that was a good dividend payout.
Total dividends received this year now stand at £228.71, still quite a bit away from my goal of £720, with 7 months to go. Average dividend income so far is £45.74 per month, average over 12 months now at £119.06.
I also received £14.87 interest from my P2P investments.
Setting myself a £500 target for this month wasn’t such a great idea, considering that the majority of my matched betting was on UK football and the football season ended a couple of weeks ago.
So, I spent quite a bit of time on tennis accumulators (with mixed success) and took advantage of some of the international and European football matches.
Anyway, I still managed to make £458 profit this month, making my total earned from matched betting £1210 since I started in March.
Like last month, I only received bonuses from opening two new accounts; the bulk of my income came from reload/repeatable offers with existing accounts.
Despite not getting to £500, I’m very happy with the amount I’ve made and I’ll be well happy if I can continue to bring this amount in every month.
Alas, I also got ‘gubbed’ from my first account! ‘Gubbed’ means either your betting stakes are limited, or you are not allowed to participate in any of that bookmaker’s special offers. In my case, it was the latter. It’s a shame that I’ve lost one of my accounts but fortunately, it’s not one of my major accounts.
There should be lots of matched betting opportunities when Euro 2016 starts. However, I will have family staying for me for much of the time so chances are I will not be devoting my usual amount of time to matched betting. Or blogging for that matter.
Shares and Investment Trusts
No new purchases of shares or investment trusts this month. I did however switch a couple of funds into ETFs (that are held with Hargreaves Lansdown) which should reduce my fees a little.
Current portfolio can be found here.
As commented on TFS’ recent charity post, I was fortunate never to have suffered from hunger while I was at school. Some kids are not so fortunate, so this charity aims to help out a little.
I also signed up to weekly lotteries run by Age UK, MacMillan Cancer and the British Red Cross (thanks to OR for the idea). There’s probably room for at least one more there and I think I’ll check out one of these (thank Emma for the link!)
I chose Age UK because well, I might need a helping hand should my FI plan/investments go pear-shaped in my old age; MacMillan Cancer as friends and family have suffered from cancer, and the British Red Cross to help out with world disasters.
As with other lotteries that I take part in, I don’t really expect to win anything but I like that there is a ‘chance’ of winning something and it seems like a good way for me to support these charities.
All of these are being funded out of my Matched Betting bank account (thanks to TFS for that idea!) and will work out at between 7.5% – 10% of profits earned being donated.
Non-Financial Goals Update
Here’s how things look on the goals front in brief:
As I had to dip into the emergency fund again recently, I’ll have to make sure I put back enough to ensure I’m on track to reach my goal by the end of the year – have to balance that out with my investing.
Still no progress on the reading front but I have finally finished re-reading the last Game of Thrones book so can dive straight into library books!
Hope you all had a great May!